Zhongji Innolight Balance Sheet Health
Financial Health criteria checks 6/6
Zhongji Innolight has a total shareholder equity of CN¥17.1B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are CN¥24.4B and CN¥7.3B respectively. Zhongji Innolight's EBIT is CN¥4.1B making its interest coverage ratio -10.4. It has cash and short-term investments of CN¥3.6B.
Key information
7.7%
Debt to equity ratio
CN¥1.32b
Debt
| Interest coverage ratio | -10.4x |
| Cash | CN¥3.59b |
| Equity | CN¥17.14b |
| Total liabilities | CN¥7.28b |
| Total assets | CN¥24.42b |
Recent financial health updates
No updates
Recent updates
Earnings Beat: Zhongji Innolight Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Aug 29
Zhongji Innolight Co., Ltd.'s (SZSE:300308) 29% Jump Shows Its Popularity With Investors
Jul 12Shareholders Should Be Pleased With Zhongji Innolight Co., Ltd.'s (SZSE:300308) Price
May 27When Should You Buy Zhongji Innolight Co., Ltd. (SZSE:300308)?
May 13Additional Considerations Required While Assessing Zhongji Innolight's (SZSE:300308) Strong Earnings
Apr 29Zhongji Innolight Co., Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Apr 25The Returns At Zhongji Innolight (SZSE:300308) Aren't Growing
Apr 19Is Zhongji Innolight Co., Ltd. (SZSE:300308) Worth CN¥156 Based On Its Intrinsic Value?
Apr 05Investors Appear Satisfied With Zhongji Innolight Co., Ltd.'s (SZSE:300308) Prospects As Shares Rocket 27%
Feb 26Financial Position Analysis
Short Term Liabilities: 300308's short term assets (CN¥14.7B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 300308's short term assets (CN¥14.7B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 300308 has more cash than its total debt.
Reducing Debt: 300308's debt to equity ratio has reduced from 19.6% to 7.7% over the past 5 years.
Debt Coverage: 300308's debt is well covered by operating cash flow (129.1%).
Interest Coverage: 300308 earns more interest than it pays, so coverage of interest payments is not a concern.